Ride Sharing Market Growth Analysis and Future Outlook 2025

ReportsWeb.com has announced the addition of the “Global Ride Sharing Market Growth Status and Outlook 2019-2024” report detailed insights about the aspects responsible for augmenting as well as restraining market growth

(EMAILWIRE.COM, March 05, 2019 ) Ride sharing is the sharing of vehicles by passengers as a transportation alternative. Ride sharing is not exactly an on-demand service and requires a little planning. Ride sharing is primarily intended to reduce vehicle costs, traffic congestion, and automobile emissions. The necessary prerequisite for a person in order to avail the benefits of the ride sharing transportation service, is a smartphone app. Drivers of privately-owned cars partner up with a ridesharing company in order to provide rides to commuters.

The market concentration rate of Ride Sharing is high. Though there are many small players in Global, the leading brands occupy large market share. Top 5 took up more than 79.04% of the global market in 2017.

According to this study, over the next five years the Ride Sharing market will register a 22.0% CAGR in terms of revenue, the global market size will reach US$ 80500 million by 2024, from US$ 24400 million in 2019. In particular, this report presents the global revenue market share of key companies in Ride Sharing business.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.